mortgage APR

[tali122]

when looking for a mortgage is it(as a general rule because there are many types of individual circumstances) simply best to go for one with the lowest APR as a rule of thumb?

[xrayspecs]

I'd suggest that most companies offer the same sort of interest rate for standard repayment mortgages, which is a couple of points above the bank base rate. where there can be a big difference is the special deals available. You will need to treck around the various lenders to get an idea, or consult the services of an independant mortgage advisor.

[amulet]

NO! do not go for the lowest rate, as this might not be suitable for your needs. you must arrange an interview with a lender who will give you an overview of all the products as one product for you might not be good for anyone else. e.g. you might want to pay some off, a low fixed rate might not give you this opportunity so see all options first.